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HYPE Holdings—Top 1 Whale Withdraws 8 Million in Margin, Moving the Liquidation Price Up to $33.6
Mars Finance reports that on April 15, according to Hyperinsight monitoring, the on-chain largest long position in HYPE, “suspected insider information about HYPE listing,” last night after floating profits expanded to 8 million USD, significantly withdrew the released margin, amounting to 8 million USD, causing the liquidation price to rise from $30.1 to $33.6, possibly in anticipation that the price would not fall below that level. Currently, this address holds a 5x leveraged HYPE long position, totaling 61.6 million USD, with an average price of 38.67, and floating profits narrowed to 6.76 million USD (56%). Since HYPE rebounded from a bottom of $20.4 in January, this address has withdrawn large amounts after each rally, with total withdrawals exceeding ten million USD, and the liquidation line has been raised from the low point of $20.1 to now. Address: 0x082e843a431aef031264dc232693dd710aedca88